The 4th Annual Rocky Mountain Economic Summit kicks off with introductions by our own Bill Hubble.
The panelists included:
Joe Blake is president and CEO of the Denver Metro Chamber of Commerce. In 2006, Gov. Bill Owens appointed him to serve on the Board of Governors of Colorado State University and on the Colorado Education Alignment Council.
Robert D. Coombe is chancellor of the University of Denver. Previously, he was DU’s provost, serving in that capacity as chief academic officer and chief operating officer for the university. He joined the DU faculty in 1981 as an assistant professor of chemistry.
Kevin Grieve is president of First Data PrePaid Services, where he leads PrePaid Services and First Financial Bank, and retains responsibility for overall P&L for prepaid product offerings. Previously, he was chief strategy office for First Data Corp.
Jeff Potter is Frontier Airlines’ president and chief executive officer at the airline’s headquarters in Denver, where he oversees all operational and strategic planning efforts. He also is a member of Frontier Airlines’ board of directors.
John Suthers is attorney general for the state of Colorado. In 2001, he was nominated by President George W. Bush and confirmed by the U.S. Senate as the U.S. Attorney for the District of Colorado. Struthers also has served as executive director of the Colorado Department of Corrections.
Kenneth Tuchman is chairman and CEO of TeleTech Holdings, Inc. Founded by Tuchman in 1982, TeleTech delivers large, complex customer management solutions by focusing on strategy and execution across the entire customer lifecycle.
With our own Bob McDowell as the moderator. More can be found by the DenverPost
Bob began by stating there will be a 40-50% growth in demand for math, science and computer science knowledge workers over the next 2-5 years.
And Currently 65-70% of our revenues comes from outside US. Also that Microsoft China has grown 35-40% and will be half billion dollars in 12 months.
Relationship between business and government remains as important if not more important than ever. And States should be competing as countries are for business, because if they are not competing then they are losing.
Joe Blake the president and CEO of Denver Metro Chamber of commerce began by saying not too far from where we are all gathered back in 1859 Denver began. And since in 2005 the Denver Chamber passed “Fast Track” toward a more competitive Colorado.
There are 5 industry clusters that are leading in Colorado:
Ø Information system / Software
Ø Aerospace (3rd in the US)
Ø Biosciences (we are spending $5 billion in building Fitzsimons same amount as we put into DIA (Denver International Airport)
Ø Financial Services
There are 6 other clusters that are important in Colorado
Ø Air Transport
Ø Peripherals and software broadcasting
Jeff Potter from Frontier said: The way we the airline industry does business is very foggy. Sometimes you just take chances. Also, you can only be as smart as your dumbest competitor. Also the airline industry has been the most ill prepared industry to allow you to book your own travel. 2/3 of the big name airlines have been in bankruptcy due to high fuel costs. The only airline profitable right now is Southwest since they have been very good at hedging but their luck will run out in another 2 years.
Kenneth Tuchman from TeleTech said it best: “Colorado has the best of everything, weather, climate, great well educated people etc. we just need to make it a great place for companies to headquarter here or hold their major offices here.”
What’s to come is Microsoft will be partnering with the State of Colorado to educate people especially children in security and how to stand against identity theft, phishing and pharming.
This was really a great panel discussing where the future of Colorado is headed. It was great to see communication like this and I look forward in seeing more. It is only with communicating and sharing of ideas such as this that we can see a better Colorado for all. I would love to add my $.02s though. For as much as it would be great to attract headquarters of companies and larger branches of the Fortune 500, we also need to fit the cultural need for the employees of such companies. In CO we have great outdoor activities but not much to support the Fortune 500 knowledge worker’s intellectual abilities. I think in CO we have room to grow both economically and culturally and in my mind they both go hand in hand.
I must say I am very excited to see Microsoft’s engagement in the State and honored to have been at the Economic Summit. I look forward to more of these events as they set the wave for the future.